WESTERN DIGITAL CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS. (in millions; unaudited) ASSETS

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1 CONDENSED CONSOLIDATED BALANCE SHEETS (in millions; unaudited) ASSETS Apr. 1, July 3, Current assets: Cash and cash equivalents $ 5,887 $ 5,024 Short-term investments Accounts receivable, net 1,254 1,532 Inventories 1,227 1,368 Other current assets Total current assets 8,740 8,517 Property, plant and equipment, net 2,687 2,965 Goodwill 2,766 2,766 Other intangible assets, net Other non-current assets Total assets $ 14,947 $ 15,181 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 1,571 $ 1,881 Accrued expenses Accrued compensation Accrued warranty Revolving credit facility Current portion of long-term debt Total current liabilities 2,781 3,242 Long-term debt 2,000 2,156 Other liabilities Total liabilities 5,338 5,962 Total shareholders' equity 9,609 9,219 Total liabilities and shareholders' equity $ 14,947 $ 15,181

2 CONDENSED CONSOLIDATED STATEMENTS OF INCOME (in millions, except per share amounts; unaudited) Revenue, net $ 2,822 $ 3,550 $ 9,499 $ 11,381 Cost of revenue 2,069 2,518 6,885 8,090 Gross profit 753 1,032 2,614 3,291 Operating expenses: Research and development ,133 1,265 Selling, general and administrative Charges related to arbitration award Employee termination, asset impairment and other charges Total operating expenses ,953 1,935 Operating income ,356 Net interest and other (8) (9) (23) (26) Income before income taxes ,330 Income tax expense Net income $ 74 $ 384 $ 608 $ 1,245 Income per common share: Basic $ 0.32 $ 1.66 $ 2.62 $ 5.34 Diluted $ 0.32 $ 1.63 $ 2.60 $ 5.23 Weighted average shares outstanding: Basic Diluted

3 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions; unaudited) Operating Activities Net income $ 74 $ 384 $ 608 $ 1,245 Adjustments to reconcile net income to net cash provided by operations: Depreciation and amortization Stock-based compensation Deferred income taxes (32) (22) (17) 9 Gain from insurance recovery (37) Loss on disposal of assets Non-cash portion of employee termination, asset impairment and other charges 18 (7) Changes in operating assets and liabilities, net (470) Net cash provided by operating activities ,628 1,754 Investing Activities Purchases of property, plant and equipment (133) (150) (433) (456) Acquisitions, net of cash acquired - (241) - (247) Purchases of investments (54) (92) (462) (687) Proceeds from sales and maturities of investments Proceeds from sale of property, plant and equipment Other investing activities, net (11) (10) (23) 6 Net cash provided by (used in) investing activities 443 (458) (11) (712) Financing Activities Employee stock plans, net Repurchases of common stock - (240) (60) (772) Dividends paid to shareholders (116) (93) (347) (280) Repayment of debt (302) (31) (364) (94) Net cash used in financing activities (404) (316) (754) (1,034) Net increase (decrease) in cash and cash equivalents 524 (90) Cash and cash equivalents, beginning of period 5,363 4,902 5,024 4,804 Cash and cash equivalents, end of period $ 5,887 $ 4,812 $ 5,887 $ 4,812

4 GAAP TO NON-GAAP RECONCILIATION (in millions, except per share amounts; unaudited) GAAP net income $ 74 $ 384 $ 608 $ 1,245 Non-GAAP adjustments: Amortization of acquired intangible assets Employee termination, asset impairment and other charges Charges related to cost saving initiatives Charges related to arbitration award Acquisition-related charges Insurance recoveries (37) Other charges Income tax adjustments (20) - (48) - Non-GAAP net income $ 283 $ 441 $ 1,023 $ 1,484 Diluted net income per common share: GAAP $ 0.32 $ 1.63 $ 2.60 $ 5.23 Non-GAAP $ 1.21 $ 1.87 $ 4.37 $ 6.24 Weighted average shares outstanding: Diluted To supplement the condensed consolidated financial statements presented in accordance with U.S. generally accepted accounting principles ( GAAP ), the table above sets forth Non-GAAP net income and Non-GAAP diluted net income per common share ( Non-GAAP measures ). These Non-GAAP measures are not in accordance with, or an alternative for, measures prepared in accordance with GAAP and may be different from Non-GAAP measures used by other companies. Western Digital Corporation believes the presentation of Non-GAAP measures, when shown in conjunction with the corresponding GAAP measures, provides useful information to investors for measuring the Company s earnings performance and comparing it against prior periods. These Non-GAAP measures exclude amortization of acquired intangible assets; employee termination, asset impairment and other charges; charges related to cost saving initiatives; charges related to arbitration award; acquisition-related charges; insurance recoveries; other charges; and income tax adjustments. We exclude these items for purposes of calculating these Non- GAAP measures to facilitate a more meaningful evaluation of our current operating performance and comparisons to our operating performance in prior periods. As described above, we exclude the following items from our Non-GAAP measures: Amortization of acquired intangible assets. We incur expenses from the amortization of acquired intangible assets over their economic lives. Such charges are significantly impacted by the timing and magnitude of our acquisitions and any related impairment charges. Employee termination, asset impairment and other charges. From time-to-time, in order to realign our operations with anticipated market demand or to achieve cost synergies from the integration of acquisitions, we may terminate employees and/or restructure our operations. From time-to-time, we may also incur charges from the impairment of intangible assets and other long-lived assets. These charges (including any reversals of charges recorded in prior periods) are inconsistent in amount and frequency and are not a part of the ongoing operation of our business.

5 Charges related to cost saving initiatives. In connection with the transformation of our business, starting in the 2nd quarter of fiscal 2016, we incur charges related to cost saving initiatives which do not qualify for special accounting treatment as exit or disposal activities. These charges, which are not part of the ongoing operation of our business, primarily relate to costs associated with rationalizing our channel partners or vendors, transforming our information systems infrastructure, integrating our product roadmap, and accelerated depreciation on assets. Charges related to arbitration award. In relation to an arbitration award for claims brought against the Company by Seagate Technology LLC, which was satisfied in October 2014, and the related dispute over the calculation of post-award interest, we have recorded loss contingencies. The resulting expense is inconsistent in amount and frequency. Acquisition-related charges. In connection with our business combinations, we incur expenses which we would not have otherwise incurred as part of our business operations. These expenses include third-party professional service and legal fees, third-party integration services, severance costs, non-cash adjustments to the fair value of acquired inventory, contract termination costs, retention bonuses, and changes to the fair value of contingent consideration. We may also experience other one-time accounting impacts in connection with these transactions. These charges and impacts are related to acquisitions, are inconsistent in amount and frequency, and have no direct correlation to the operation of our business. Insurance recoveries. From time-to-time, we receive insurance recoveries related to losses or other events which occurred in a prior period. Such recoveries are inconsistent in amount and frequency. Other charges. From time-to-time, we sell investments or other assets which are not considered strategic or necessary to our business; are a party to legal or arbitration proceedings, which could result in an expense or benefit due to settlements, final judgments, or accruals for loss contingencies; or incur other charges or gains which are not a part of the ongoing operation of our business. The resulting expense or benefit is inconsistent in amount and frequency. Income tax adjustments. Income tax adjustments reflect the difference between income taxes based on a forecasted annual non- GAAP tax rate and a forecasted annual GAAP tax rate as a result of the timing of certain non-gaap pre-tax adjustments.

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